Being a Gig Worker Comes with Tax Consequences
In recent years, more and more workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs, and drive for ride-hailing services. But so-called gig work seems to be expanding. Today, some...
The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for paying “qualified medical expenses” of an “account beneficiary.” An HSA can...
4 Tax Challenges You May Encounter if You’re Retiring Soon
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may contend with when you retire: Taking required minimum...
If You’re Hiring Independent Contractors, Make Sure They’re Properly Handled
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be sure these workers are properly classified for federal tax purposes. If the IRS reclassifies...
Questions You May Still Have After Filing Your Tax Return
If you’ve successfully filed your 2022 tax return, you may think you’re done with taxes for another year. But some questions may still crop up about the return. Here are brief answers to three questions we’re frequently asked at this time of year. When will your...
"Being a CPA has led me to meet and work with many wonderful people and ideas. I always look forward to putting that experience and knowledge to work for my clients every day.”
-Adam Traywick, CPA
